New deal gives planners access to more data

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Australian financial planning software provider AdviserLogic today announced a deal with investment research company Morningstar Australasia for the provision of managed funds data.

The deal will see Morningstar provide AdviserLogic with comprehensive data for approximately 10,000 Australian managed funds including unit prices and distributions, asset allocations, returns, fees, and platform/wrap availability.

"Morningstar impressed us with its comprehensive and high-quality data, willingness to work closely with us to tailor a solution to meet our specific requirements, and commitment to ensuring a seamless transition for our users," said AdviserLogic Managing Director Gundeep Sidhu. "The richer dataset means, for example, that our growing number of users are now able to filter managed funds by platform.”

He said AdviserLogic’s in-built framework streamlined compliance and operational procedures for advisers and allowed them to allocate more of their time to demonstrating the value-add to their clients.

Morningstar Australia chief executive Anthony Serhan said users would benefit from the quality controls and process improvements implemented by Morningstar, which are designed to “maintain and enhance the quality, depth, and timeliness of [their] investment data”.

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